Free Money for Everyone
- "A wacky-sounding idea with surprisingly conservative roots may be our best hope for escaping endless, grinding economic stagnation." (via
) [more inside]
Out of thin air?
"Have you ever said something like 'Let me buy you a beer next week'? I'm sure you have. We all issue promises of this sort. And we frequently use such promises as a form of currency... I have just described a simple credit exchange. Societies rely heavily on promising-making and promise-keeping. It is the foundation of all financial markets. I'd like to point out something about the promises you make. They are made 'out of thin air.' " [more inside]
The First Bank of the United States
was Americas first attempt at forming a Central Bank
. Inaugurated by Congress in 1791, it was followed by The Second Bank of the United States
, which was dissolved in 1836.
And then The United States of America was without a Central Bank for 77 years. [more inside]
Why is deflation
far worse than inflation
? After all, prices are falling
, goods and services get cheaper, what's not to like? [more inside]
The Bulls vs. Bears? The incessant back and forth between equity market longs
is well known to most retail investors via a variety of distribution channels; financial television, the print media, online news. But the really big market battle, one with the potential to impact the entire US economy, happens, as is usual in finance, just out of sight of retail eyes ... [more inside]
Tangible evidence of deflation?
The prices of commodities
and a wide range of consumer goods
have collapsed, with observers predicting continued declines
. While many point back to The Great Depression
as an example of damaging deflation, the recession of 1920-1921, a frequently overlooked period in economic history
, is perhaps the best example we've got of a deflationary wave similar to what might now taking place. [more inside]